A company has 1,000 shareholders who own a total of one million shares of its...
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Accounting
A company has 1,000 shareholders who own a total of one million shares of its common stock currently selling at $6 per share. The company earned $11,000,000 after taxes. The annual dividend is $.60 per share. The firm has assets of $130,000,000 and liabilities of $23,000,000. What are the earnings per share for the firm's common stock?
A. $11
B. $110
C. $11,000,000
D. $1,100
E. $11,000
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